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How do pensions work?

A pension is a workplace retirement plan designed to help people have income after they stop working. In simple terms, it’s a ...
The state pension cost an estimated £146bn a year in 2025, according to the Institute for Fiscal Studies. The think-tank believes the triple lock could help push the expense up by as much as £40bn in ...
A tax raid on salary sacrifice schemes could be announced in Wednesday’s Budget, reports suggest, raising fears that some people’s retirements could be put at risk. Here is a look at how salary ...
In July 2012 the government announced its preferred solution to the proliferation of small pension pots, brought about by auto-enrolment. Against the aggregator model suggested by the industry, ...
Retiring at 50 is a dream of many wanting to escape the corporate rat race. The price for those keen for an early retirement with a bit of luxury in their later years? Around £800,000, rising to a ...
The new pension transfer rules coming into force on November 30 will bring added duties for pension scheme trustees, and will not be a panacea to prevent scams, specialists warn. According to the ...
It was announced last year that the basic and new State Pensions will be increased by 4.8% from April 2026 ...